Question

"Inflation is when prices in a national economy increase, or the purchasing power of the dollar weakens on a continual basis."

Answer 1

Answer:

True

Explanation:

• In inflation, the cost of goods and services in a nation is increasing enormously, and the buying power of the money of that country is reducing .
• Inflation is a specificity of the degree at which an economy is improving the price level of a product over time.
• Inflation sometimes presented as a percentage gesture of a reduction in the buying power of the currency of a country.

different countries has different inflation rates.